News
Banca Italease expects losses of €500m on derivatives
Banca Italease is expected to report losses of around €500 million on its derivatives portfolio later today.
Equity meltdown causes "sheer panic" in credit trading
As the equity markets continued their freefall today, the credit default swap market took a lead in what was described by one trader as a morning of sheer panic.
Grosvenor closes first Japanese property derivatives deal
International property company Grosvenor Group has carried out the first Japanese property derivatives trade based on the IPD Index for Japan, a two-year property total-return swap with the Royal Bank of Scotland.
Isda to publish new single-name European LCDS contract
The International Swaps and Derivatives Association (Isda) will publish a new industry-wide standard single-name European loan credit default swap (LCDS) contract. The new contract, to be published on July 30, will be non-callable with the option to be…
FSA issues good-practice advice for managing compliance risk at investment banks
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UK Government toughens money-laundering regulations
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Cayman Islands takes staged approach to Basel II
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Risk management and stability better under Basel II, but industry unprepared
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Swedish central bank head wants EU cross-border banking regulator
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Nymex to introduce new steel futures contract
The New York Mercantile Exchange (Nymex) will introduce a steel futures contract, based on an index developed by the steel industry information service World Steel Dynamics (WSD). The new contract will be available on the Nymex ClearPort electronic…
Credit Suisse boosts debt-financing team in Asia
Credit Suisse has expanded its debt-financing team for Asia ex-Japan, with 12 hires in Hong Kong.
SG CIB creates integrated swap group
Société Générale Corporate and Investment Banking (SG CIB) has created an integrated swap group to extend its franchise in the flow rates business in Europe.
Solent brings in CFO
Solent Capital Partners, the London-based collateralised debt obligation and hedge fund manager, has hired Desmond Dundon as its chief financial officer, from Merrill Lynch.
ICE names president and chairman for Ice Clear Europe
The Atlanta-based Intercontinental Exchange (Ice) has appointed new management staff for its London-based European clearing house, Ice Clear Europe.
Nasdaq calls for further amendments to Sox 404
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First oil futures curve ETFs listing on LSE
In the next two to three weeks, the London Stock Exchange (LSE) is expected to list the first exchange-traded funds (ETFs) exposed to parts of the oil futures curve.
Amaranth manipulated gas prices: CFTC
The US Commodity Futures Trading Commission has charged failed hedge fund Amaranth Advisors and its former head trader, Brian Hunter, with trying to manipulate natural gas futures prices.
CBOE launches basket credit products
The Chicago Board Options Exchange will launch three basket credit event options next week, despite a slow start for its other credit products.
South Korea’s National Pension Service partners with Credit Suisse on risk management
South Korea’s National Pension Service (NPS) today signed a three-year partnership agreement with Credit Suisse that will cover a range of services including asset management, risk management, governance, technology transfer and training.